UNDER ARMOUR, INC.
In the published model solve dated 2026-Q2, anchored at $6.75, UNDER ARMOUR, INC. (UAA) is priced for +17.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Under Armour is a turnaround in progress: an athletic brand priced near $6 a share while management resets the operating model, with the company reporting it has moved wholesale partners from high return rates and order cancellations toward steadier reorders [Source: UA fiscal 2026 Q4 results, May 12 2026]. • The balance sheet carries the bet: net debt of about $881 million against negative trailing operating income, with interest coverage near four times, so the brand has time to recover but
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361 institutional managers reported holding UAA in 13F filings for the quarter ended 2026-03-31. Together they hold about 48% of the company; the top 10 hold 30%. 67 opened new positions that quarter. Held by Fairfax Financial, BlackRock, Vanguard Group, among others. On the short side, 47.1M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (7.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
UAA has cut its share count 7.6% over the past five years, spending $615.00M on repurchases. It pays no dividend. Cash returned over the past three years: $190.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at UAA over the trailing three years: 2025: 16 buys totaling $139.92M; 2026: 11 buys totaling $80.56M. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
UAA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +1.1% | -13.7% |
| 2023-11-09 | -0.5% | +13.7% |
| 2024-02-09 | +5.1% | -18.9% |
| 2024-05-30 | -0.1% | -2.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
UAA's latest 8-K filings: 2026-08-07 (items 2.02, 9.01); 2026-05-12 (items 2.02, 2.05, 9.01); 2026-02-12 (items 5.02, 9.01); 2026-02-06 (items 2.02, 9.01); 2026-01-15 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.